This paper investigates the impacts of financial constraints on the structural development of four European regions. The spatial-dynamic agent-based model used considers individual farms’ investment behaviour while those indirectly interact via land rental markets. Scenarios with different...

Within the reformed CAP, Germany decided to support small and young farmers by higher hectare payments. Because of heterogeneous farm structures with smaller farms in the south and large in the east, this causes regional redistributions. Agent-based simulations show that these policies create...

Gaining insight on the effect of policies upon the agricultural domain is essential for policy makers, famers and the agribusiness sector. A variety of models have therefore been developed that enable a prediction of agricultural development under different policies. Most models do however not...

The global banking system proved significantly vulnerable to systemic risk during the 2007-2009 financial crisis. In this paper, we construct an agent-based network model of systemic risk to a banking system, and use it for stress-testing of several different regulatory measures. First, our...

This paper introduces a theoretical framework for collective decision making to describe fluctuations and transitions in financial markets. Investors are assumed to be boundedly rational, using a limited set of information including past price history and expectation on future dividends....

We will show in this paper the role of inventories in explaining copper price volatility. Using a three factor model we derive a fundamental long-term value for copper. Second, we emphasis the significance of this fundamental long-term value by considering an agent based model approach in which...

Historically, tax compliance has been a highly interdisciplinary avenue of research to which economics, psychology, law, sociology, history, political science, and accountancy have made valuable contributions. It is less well understood, however, whether we can glean useful insights into tax...

This paper introduces a theoretical framework for collective decision making to describe fluctuations and transitions in financial markets. Investors are assumed to be boundedly rational, using a limited set of information including past price history and expectation on future dividends....